Davis Capital Partners buys $14,543,200 stake in BankUnited (BKU)

BankUnited (BKU) : Davis Capital Partners scooped up 50,000 additional shares in BankUnited during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 490,000 shares of BankUnited which is valued at $14,543,200.BankUnited makes up approximately 2.35% of Davis Capital Partners’s portfolio.

Other Hedge Funds, Including , Bluemountain Capital Management boosted its stake in BKU in the latest quarter, The investment management firm added 2,978 additional shares and now holds a total of 10,185 shares of BankUnited which is valued at $302,291. BankUnited makes up approx 0.01% of Bluemountain Capital Management’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in BKU by selling 9,400 shares or 17.63% in the most recent quarter. The Hedge Fund company now holds 43,905 shares of BKU which is valued at $1,307,930. BankUnited makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio. Bbva Compass Bancshares Inc added BKU to its portfolio by purchasing 9,683 company shares during the most recent quarter which is valued at $290,684. BankUnited makes up approx 0.02% of Bbva Compass Bancshares Inc’s portfolio.Msi Financial Services Inc boosted its stake in BKU in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 738 shares of BankUnited which is valued at $22,524.

BankUnited opened for trading at $30.54 and hit $30.6989 on the upside on Tuesday, eventually ending the session at $30.61, with a gain of 0.82% or 0.25 points. The heightened volatility saw the trading volume jump to 5,28,204 shares. Company has a market cap of $3,188 M.

On the company’s financial health, BankUnited reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.51.Analysts expectations of $ 240.27.During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on BankUnited. Shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Outperform” and Lowered the Price Target to $ 37 from a previous price target of $39 .BankUnited was Downgraded by Sandler O’Neill to ” Hold” on Jul 21, 2016. Shares were Downgraded by Hovde Group on Jul 21, 2016 to ” Market Perform” and Lowered the Price Target to $ 30 from a previous price target of $33 .

BankUnited Inc. is a bank holding company with one wholly owned subsidiary BankUnited National Association collectively the Company. BankUnited provides banking services to individual and corporate customers through 100 branches located in approximately 15 Florida counties and around six banking centers in the New York metropolitan area. The Company’s lending focus is to serve commercial and middle-market businesses their executives and consumers with financial products and services. It offers lending products such as small business loans commercial real estate loans equipment loans and leases term loans formula-based loans municipal loans and leases commercial lines of credit letters of credit residential mortgages and consumer loans. BankUnited offers deposit products including checking accounts money market deposit accounts savings accounts and certificates of deposit with various terms and rates.

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